Investors back out of city flat project

Plans to convert a Valby commercial property into housing has been put off. Investors blame the economic crisis The economic crisis has put a halt on plans to convert wholesale produce market Grønttovert in Valby into flats. Property developer Hoffmann...

The economic crisis has put a halt on plans to convert wholesale produce market Grønttovert in Valby into flats.

Property developer Hoffmann Ejendomme and American venture capital firm Carlyle have backed out of a proposal to develop a nearly 160,000 sqm area between Toftegårds Plads Square and Folehaven Road.

Several flats have already been built on the grounds.

The Copenhagen Post

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